Hennessy Advisors Inc. Sells 4,000 Shares of Dell Technologies Inc. $DELL

Hennessy Advisors Inc. cut its position in Dell Technologies Inc. (NYSE:DELL) by 5.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 63,900 shares of the technology company’s stock after selling 4,000 shares during the quarter. Dell Technologies makes up about 1.3% of Hennessy Advisors Inc.’s holdings, making the stock its 18th biggest position. Hennessy Advisors Inc.’s holdings in Dell Technologies were worth $34,375,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Plato Investment Management Ltd bought a new position in shares of Dell Technologies during the 2nd quarter worth approximately $5,913,000. Kercheville Advisors LLC raised its position in Dell Technologies by 13.6% in the 3rd quarter. Kercheville Advisors LLC now owns 18,800 shares of the technology company’s stock worth $10,113,000 after purchasing an additional 2,250 shares during the last quarter. Gabelli Funds LLC boosted its holdings in Dell Technologies by 49.0% in the first quarter. Gabelli Funds LLC now owns 46,094 shares of the technology company’s stock valued at $7,565,000 after acquiring an additional 15,150 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new stake in shares of Dell Technologies during the 1st quarter worth approximately $5,930,000. Finally, Jackson Square Capital LLC raised its position in shares of Dell Technologies by 15.1% during the 3rd quarter. Jackson Square Capital LLC now owns 17,115 shares of the technology company’s stock valued at $9,207,000 after acquiring an additional 2,243 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Dell Technologies news, Director Egon Durban sold 1,850 shares of the company’s stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of $548.40, for a total transaction of $1,014,540.00. Following the sale, the director directly owned 1,405,236 shares of the company’s stock, valued at $770,631,422.40. This represents a 0.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lynn Vojvodich Radakovich sold 2,022 shares of Dell Technologies stock in a transaction on Thursday, October 22nd. The shares were sold at an average price of $460.00, for a total value of $930,120.00. Following the completion of the transaction, the director owned 25,686 shares of the company’s stock, valued at approximately $11,815,560. This trade represents a 7.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,819,650 shares of company stock worth $991,183,596 in the last ninety days. 41.50% of the stock is owned by corporate insiders.

Dell Technologies Trading Down 0.2%

NYSE DELL opened at $423.63 on Monday. The company has a fifty day simple moving average of $513.74 and a 200 day simple moving average of $330.29. The company has a market cap of $269.35 billion, a P/E ratio of 24.59, a PEG ratio of 0.44 and a beta of 1.45. Dell Technologies Inc. has a 12-month low of $110.22 and a 12-month high of $595.51.

Dell Technologies (NYSE:DELL) last posted its earnings results on Tuesday, September 1st. The technology company reported $7.04 earnings per share for the quarter, beating analysts’ consensus estimates of $4.91 by $2.13. Dell Technologies had a negative return on equity of 578.85% and a net margin of 7.53%. The company had revenue of $46.97 billion for the quarter, compared to analyst estimates of $44.89 billion. During the same quarter last year, the company earned $1.70 earnings per share. The company’s revenue for the quarter was up 57.7% on a year-over-year basis. Dell Technologies has set its FY 2027 guidance at 25.500-25.500 EPS and its Q3 2027 guidance at 6.500-6.500 EPS. Sell-side analysts predict that Dell Technologies Inc. will post 25.13 EPS for the current year.

Dell Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 30th. Stockholders of record on Tuesday, October 20th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Tuesday, October 20th. Dell Technologies’s dividend payout ratio is currently 14.63%.

More Dell Technologies News

Here are the key news stories impacting Dell Technologies this week:

• Positive Sentiment: Dell’s AI infrastructure business remains a key long-term support. Recent coverage highlighted accelerating storage growth, a reported $95 billion backlog and rising earnings estimates, while expanded AI security and cyber-resilience capabilities could strengthen its position against Cisco and Hewlett Packard Enterprise. Everpure vs. Dell: Which Data Storage Stock Is the Better Buy Now? DELL Expands AI Security Capabilities
• Neutral Sentiment: One report characterized Dell as a founder-led technology company with potential for continued innovation and global growth, but it does not introduce a new catalyst for the current session. Founder-Led Giants Redefining Technology and Global Market Growth
• Neutral Sentiment: A filing-related report said an account associated with Donald Trump sold as much as $1 million of Dell stock, despite his public comments encouraging purchases. The transaction may attract attention but is small relative to Dell’s market value and does not change the company’s fundamentals. Trump Filing Reveals Dell Stock Sale
• Negative Sentiment: Intel warned that memory shortages are constraining PC demand and that weakness could persist, hurting computer and server manufacturers. Dell fell alongside HP, Hewlett Packard Enterprise and Super Micro as investors priced in slower hardware demand and potential supply-cost pressure. Dell Sinks as Intel Warning Hits Hardware Stocks
• Negative Sentiment: Intel’s weak fourth-quarter outlook, margin pressure and roughly 25% share-price reset reinforced concerns about a prolonged PC downturn. The read-through is negative for Dell’s traditional PC business, even though AI servers may continue to grow. Silicon Shock: Intel’s Valuation Reset
• Negative Sentiment: Investors are also questioning whether Dell’s rally has outpaced its fundamentals, citing sharply weaker cash flow and negative shareholders’ equity. Those concerns increase sensitivity to any slowdown in AI or broader hardware demand. The Next AI Stock to Break Out May Not Be on Most Investors’ Radar

Analyst Ratings Changes

A number of brokerages have recently weighed in on DELL. Sanford C. Bernstein lifted their price target on shares of Dell Technologies from $500.00 to $650.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 2nd. Melius Research increased their price target on Dell Technologies from $650.00 to $735.00 and gave the company a “buy” rating in a research note on Wednesday, September 2nd. The Goldman Sachs Group reissued a “buy” rating on shares of Dell Technologies in a report on Friday, October 9th. Mizuho increased their price objective on shares of Dell Technologies from $600.00 to $650.00 and gave the company an “outperform” rating in a research note on Tuesday, October 6th. Finally, Piper Sandler restated an “overweight” rating and issued a $558.00 price objective (up from $497.00) on shares of Dell Technologies in a report on Wednesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, Dell Technologies has a consensus rating of “Moderate Buy” and an average price target of $569.96.

About Dell Technologies

Dell Technologies Inc is a global technology company that develops, sells and supports information technology hardware, software and services. Its portfolio includes personal computers, workstations, monitors, peripherals and other end-user devices, as well as servers, storage systems, networking equipment and related infrastructure solutions for businesses, governments and other organizations.

The company also provides consulting, deployment, support, managed and cybersecurity services designed to help customers build and operate their technology environments.